Skip to main content

About your Search

20100227
20100227
STATION
CSPAN 3
WETA 1
LANGUAGE
Search Results 0 to 3 of about 4
WETA
Feb 27, 2010 12:00am EST
this was news, although it is old news at this point. did ben bernanke deserve the honor of person of the year? >> well, he certainly get some credit for bringing us back from the brink, but he deserves a lot of blame for pushing us to the brink. it depends on how you balance that. the fact that the fed, he and his predecessor, alan greenspan, were largely responsible for the mismanagement of the economy, failing to have regulations that would have stopped us from getting into this mess, even as we have been pulled back from the brink. unemployment has soared. people have said we will not be back to normal unemployment until the middle of the decade. yes, it is great the banks are paying bonuses again, it is great they are making big profits. america is still in not good shape. tavis: how do you respond to the notion that i have read that the obama team, speaking of bernanke, that the obama economic team, tim geithner, larry summer, that group, there is not a stiglitz-like voice in that group? you hear the critique all the time of what is missing on the economic team. what are your thoughts? >
CSPAN
Feb 26, 2010 11:00pm EST
true. >> and#rone more question. how independent are you and how much is ben bernanke your boss? >> well, we're, we're,çó tçóhÑi reserve banks are set up to be independent but, the board of governors does have what they have general oversightçó responsibility for the 12 banks o#ty correctly. we're autonomousçó and the chairman of the federal reserve is the chairman of the board of governors, the federaokv?;búr's imÑ authority, and w7riÑiÑin that r. but i also have a board of directors from my çÑegion, ñran they're my boss asÑi well, or ty are my boss. and they can fire me. and or fail to reappoint my and so, i have a hot of oversight. and i think it is very important, though, that i have this board of directors because that brings that independent to the open market committee and that's essential and tha>e's w we were designed the way we were. >> you have the longest tenureÑ of all of the presidents of the federal reserve. you have been in that positñrio since 19ñfñ and been with theÑip of kÑ.nsas city since 1981 in various positions. and let's takeÑi ca
CSPAN
Feb 27, 2010 2:00am EST
on the financial side, we are talking about high unemployment. bernanke said we will have time with -- we will have trouble with credit card loans, people paying mortgages. they do not have their jobs. commercial real estate is a market he has emphasized over the past months. this will, of course, create different problems for some of the financial institutions and other business models. we will see some institutions do very well overall and some struggle with bad losses. i had an opportunity to listen to my friend pascal. as he said, so far we have dodged the bullet of a strong protectionist response. but we have to be alert that anytime you have continuing unemployment one has to be careful about protectionism. political leaders will feel the pressure to do something. that is always a tempting tool. another issue we are watching is the fact that a number of the stimulus programs ran their full force through the later part of last year and the middle part of 2010. there is a question of a hand off to a private sector recovery. i tried to watch this closely and to reach out to others. we saw some s
CSPAN
Feb 27, 2010 7:00am EST
. bernanke looks closer to getting his way after what has been a fraught few months. calls the fed to -- host: chat mooga, tennessee, next on our republican line. laurie. caller: hi. i want to comment about the bipartisanship that i see a great deal of in washington and that seems to be that everybody is in agreement 100% on sucking up to their, to the people that spend the money on them, to get them voted in the office and everybody seems to be completely bipartisan on the fact that they're up there to look after their own skin and not the american people. and as far as trying to agree with somebody on the other side of the aisle just for the sake of being called bipartisan, where's your conviction? it doesn't matter whether you're republican or democrat, independent or whatever. if you've got conviction, stick with them. do what's right for america. not what's right for your party. not what's right for the people who paid to get you in office. and that's about all i have to say. host: orange county, creativity. kalee on our democrats line. caller: i'm a democrat who is going switch to an in
Search Results 0 to 3 of about 4